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I.

Objective of the study


II. Meaning of working capital management
III. Importance of working capital management
IV. Company profile: Britannia Industries
A. History of the company
V. Significance of accounting policy
VI. Ways to prepare a good working capital management policy
VII. Meaning of inventory management
A. Types of inventory management
VIII.Data analysis and interpretation
IX. Conclusion
X. Bibliography

Summary

Finance function is a core function in any organization. I financial management is that managerial
activity which is concerned with planning and counseling of firm's financial resources. One such area of
financial management is "Working Capital" and management of this is known as "Working Capital
Management". In practice, a firm has to employ short-term assets and short run sources of financing.
The management of such assets, and short run sources of financing. The management of such assets,
described as working capital management or current assets as working capital management is current
assets management is one of the most important aspects of overall financial management. Technically
the management is an integral part of the overall financial management. To that extent it is similar to
the long-term decision making process because both entail an analysis of the effects of the risk and
profitability.

The management is concerned with the problems that arise in attempting to manage current assets,
the current liabilities and the interrelationship that exist between them. The term current assets refer
to those assets, which in ordinary course of business can be, or will be turned into cash within one
year without undergoing a diminution in value and without disrupting the operations of the firm. CL
are those liabilities which are intended at their inception to the paid inn ordinary course of business,
within a year, out of CA's or earnings of the owner.

The goal of working capital management is to manage firm's current assets and current liabilities in
such a way that a satisfactory level of working capital is maintained. This is so because if the firm
cannot maintain a satisfactory level of working capital, it is likely to become insolvent.

I. Introduction
II. Environmental analysis of FMGC sector
A. Growth prospects
III. An overview of the Indian FMCG industry
IV. The top 10 companies in FMCG sector
V. Analysis of Indian FMCG sector
VI. Company overview: ITC Group
A. History
B. Structure
C. Awards and certificates
VII. SWOT analysis of ITC
VIII.Financial statement analysis of ITC
IX. Project methodology
X. Findings and recommendations
XI. Conclusion
XII. Bibliography

Summary

Well-established distribution networks, intense competition between the organized and unorganized
segments characterize the FMGC sector. It is expected to grow by over 60% by 2010. That will
translate into an annual growth of 10% over a 5-year period. It has been estimated that FMCG sector
will rise from around Rs 56,500 crores in 2005 to Rs 92,100 crores in 2010. Hair care, household care,
male grooming, female hygiene, and the chocolates and confectionery categories are estimated to be
the fastest growing segments, says an HSBC report. Though the sector witnessed a slower growth in
2002-2004, it has been able to make a fine recovery since then. For example, Indian Tobacco
Company Limited (ITC) has shown a healthy growth in the last quarter. An estimated double-digit
growth over the next few years shows that the good times are likely to continue.With the presence of
12.2% of the world population in the villages of India, the Indian rural FMCG market is something no
one can overlook. Increased focus on farm sector will boost rural incomes, hence providing better
growth prospects to the FMCG companies. Better infrastructure facilities will improve their supply
chain. FMCG sector is also likely to benefit from growing demand in the market. Because of the low
per capita consumption for almost all the products in the country, FMCG companies have immense
possibilities for growth. And if the companies are able to change the mindset of the consumers, i.e. if
they are able to take the consumers to branded products and offer new generation products, they
would be able to generate higher growth in the near future. It is expected that the rural income rise in
2008, boosting purchasing power in the countryside. However, the demand in urban areas would be
the key growth driver over the long term. Also, increase in the urban population, along with increase
in income levels and the availability of new categories, would help the urban areas maintain their
position in terms of consumption

working capital management


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Working Capital Management


Working capital management involves the relationship between a firm's short-term
assets and its short-term liabilities. The goal of working capital management is to
ensure that a firm is able to continue its operations and that it has sufficient ability to
satisfy both maturing short-term debt and upcoming operational expenses. The...
…………………………………………………………………..===============

Working capital management involves the relationship between a firm's


short-term assets and its short-term liabilities. The goal of working capital
management is to ensure that a firm is able to continue its operations and
that it has sufficient ability to satisfy both maturing short-term debt and
upcoming operational expenses. The management of working capital involves
managing inventories, accounts receivable and payable, and cash. It focuses
on three main issues come under the working capital management such as:
holding cash, float and managing cash. Read the article and explore all the
links to get the details.
Tags: Working Capital, Working Capital Management, Managerial Accounting, Finance

White papers 2003-01-01

Working Capital Management Knowledge


Gap
Overview: It is crucial for us all that businesses get a better handle on the whole working capital
cycle, and the drivers behind it. Working capital management is a key issue for any business's
survival and sustainability. Much more focus needs to be put on educating companies on the
importance of strong management of working capital, and that the focus in the good times has
been far too much on profit and debt.

How To Improve Working Capital


Management
Overview: "Cash is the lifeblood of business" is an often repeated maxim amongst financial
managers. Working capital management refers to the management of current or short-term assets
and short-term liabilities. Components of short-term assets include inventories, loans and
advances, debtors, investments and cash and bank balances. Short-term liabilities include
creditors, trade advances, borrowings and provisions. The major emphasis is, however, on short-
term assets, since short-term liabilities arise in the context of short-term assets. It is important
that companies minimize risk by prudent working capital management.

Working Capital Analysis


Overview: Take stock of your working capital to make sure your business can meet its financial
needs. Working capital is one of the most difficult financial concepts to understand for the small-
business owner. In fact, the term means a lot of different things to a lot of different people. By
definition, working capital is the amount by which current assets exceed current liabilities.
However, if you simply run this calculation each period to try to analyze working capital, you
won't accomplish much in figuring out what your working capital needs are and how to meet
them.

Working Capital Management - Working


Capital Loan Options
Overview: Short-term working capital management options are not always adequately
considered by business owners due to a preference for long-term commercial financing. This
paper explains some important short-term working capital loan strategies that are usually more
effective than long-term business financing in producing cost-effective working capital
management results for business owners.
(Is this item miscategorized? Does it need more tags? Let us know.)

What 80% of Businesses Don't Know: Tips for Improving


Your Working Capital Management
The number one way to prevent business failure is to properly manage the working
capital. Working capital management is a critical management issue for growing
businesses or medical practices. By adopting a few working capital management
strategies, a person can make his or her assets work, without becoming beholden to...
Tags: Working Capital, Articles4Everyone.org, Working Capital Management, Managerial Accounting,

Finance
White papers

How To Improve Working Capital


Management
"Cash is the lifeblood of business" is an often repeated maxim amongst financial
managers. Working capital management refers to the management of current or
short-term assets and short-term liabilities. Components of short-term assets include
inventories, loans and advances, debtors, investments and cash and bank balances.
Short-term liabilities include creditors, trade...
Tags: Asset, Working Capital, Streetdirectory, Working Capital Management, Managerial Accounting...,

Asset Management, Finance, Operational Planning, Business Operations


White papers 2009-01-01

Improving Your Working


Capital
Working capital management is a key element to business success and the number
one way to prevent business failure. By implementing strategies such as accounts
receivable funding, outsourcing, or inventory management, your business can optimize
the return on assets it already possesses. Your company will then be well positioned to...
Tags: Working Capital, Streetdirectory, Working Capital Management, Managerial Accounting, Finance

White papers 2009-01-01

Working Capital
Management: The
Secret To Business
Success
Working capital management involves the management of debtors, cash, creditors
and stock. Credit is an unavoidable tool in modern business. This means that if you offer
no credit you might end up having no sales. Offering lenient credit terms may add up to
high sales and the sales may turn...
Tags: Working Capital, Debtor, TakingITGlobal, Working Capital Management, Sales Strategy...,

Managerial Accounting, Sales Force Management, Sales, Finance


White papers 2005-